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Herb Kohl Sells Bucks To Hedge Fund Execs For $550M, Team Likely Staying In Milwaukee

04 / 17 / 14

N.Y.-based Fortress Investment Group co-Founder Wesley Edens and Avenue Capital Group Chair & CEO Marc Lasry have "agreed to buy" the Bucks for $550M from Herb Kohl and to dedicate at least $100M to "construction of a new arena" in Milwaukee, according to Sean Ryan of the MILWAUKEE BUSINESS JOUR...

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Tags: Franchises, NBA, Milwaukee Bucks

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MLS Atlanta Announcement Expected Soon

An MLS expansion franchise "is coming to Atlanta," as an announcement is "scheduled for April 16" in the city, according to a source cited by Doug Roberson of the ATLANTA JOURNAL-CONSTITUTION. The team "would become the 22nd franchise in MLS and would open play" in '17. That would coincide with the ...

Tags: Franchises, MLS

Magic's Dan DeVos: Franchise Not For Sale

Magic Chair Dan DeVos yesterday said that he has "no plans or desire to sell the franchise," according to Josh Robbins of the ORLANDO SENTINEL. DeVos in an e-mail wrote, "As a family, the topic of selling the team has not come up. In fact, we are enjoying the team more than ever. Especially my fathe ...

Tags: Franchises, NBA, Milwaukee Bucks, Orlando Magic

Lerner: Nats' Payroll "Beyond Topped Out"

Nationals Principal Owner Mark Lerner on Friday said the team is "beyond topped out" with a payroll around $140M and he does not think it can increase "with the revenue stream that we have," according to Mark Zuckerman of CSNWASHINGTON.com. The Nats' '14 payroll is "by far their largest in 10 season ...

Tags: Franchises, Washington Nationals, MLB

Steelers Up Tix Costs, Adopt Variable Pricing

For the "first time in their 82 seasons, the Steelers will charge different prices for different games" in '14, and, for the "first time in two years, they will raise those ticket prices," according to Ed Bouchette of the PITTSBURGH POST-GAZETTE. The Steelers "raised prices across the board" by an a ...

Tags: Franchises, Pittsburgh Steelers, NFL

AFL L.A. Kiss Draw Over 12K For First Game

The AFL L.A. Kiss on Saturday won their first game in front of 12,045 fans at Honda Center, and from start to finish, the night "was a complete rock and roll event," according to James Barragan of the L.A. TIMES. From the "national anthem played on an electric guitar, to the bikini-clad dancers susp ...

Tags: Franchises

Record Mogul Irked By Lakers' Ticket Renewal Date

Former Warner Music Group A&R Manager Joe Smith two weeks ago "received a letter from the Lakers asking that he renew his season tickets two months earlier than in previous seasons" and is "considering dumping his tickets" as a result, according to Bill Plaschke of the L.A. TIMES. Smith has "fou ...

Tags: Los Angeles Lakers, NBA, Franchises

MLB Franchise Notes

In L.A., Kevin Baxter noted there were "long lines, crowded concourses and Wi-Fi snafus" on Friday for the Dodgers' home opener against the Giants. Some in the "sellout crowd of 53,493 waited in concession lines for as long as 45 minutes." But the lines "seemed to shrink in relation to the cost of t ...

Tags: Franchises, MLB

Ricketts Family Eyes Sale Of Minority Shares In Cubs

The Ricketts family is "exploring the idea of selling minority ownership shares" in the Cubs as a "way to help finance" the $500M Wrigley Field renovation, according to sources cited by Patrick Mooney of CSNCHICAGO.com. A source said that those shares would be for a "non-controlling interest." The s ...

Tags: Chicago Cubs, Franchises

Bills Could Be Sold By Year's End

The Bills "could have a new owner before the season is halfway over," as the team's sale "is on a much faster track than many probably expected," according to a source cited in a front-page piece by Graham & Gaughan of the BUFFALO NEWS. A sale "must be approved" by 75% of the owners, and th ...

Tags: Franchises, Buffalo Bills

Knicks' Jackson "Vows To Relinquish" Team's CAA Ties

Knicks President Phil Jackson "engaged in his first informal sit-down with the media on Thursday, divulging his thoughts" on several topics, including the team's ties to CAA, according to Chris Herring of the WALL STREET JOURNAL. Jackson "vowed to relinquish the team's close ties" with CAA, "which h ...

Tags: Franchises, New York Knicks, Creative Artists Agency, NBA

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